Underlying the management of revenues from natural resource extraction is a set of assumptions about how abundant and how valuable these resources are. Nevertheless, existing approaches to measuring the value of extractive resources are seriously...
The recent publication of the 3rd edition of ICMM’s The Role of Mining in National Economies (hereafter RoMiNE3) provides us with the welcome biennial...
My previous blog, which you can read here, commented on the manner in which mining companies had been able to respond to the recent decline in metals...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the...
Mozambique is still an agriculture-based economy. Huge offshore gas fields have been discovered in the country and plans for gas projects are in the...
We study Uganda’s journey to become a petroleum producer and provide estimates regarding the size and timing of the oil revenues to be expected. At an average US$38 per capita per year over a 33-year period, oil revenue by itself will not be...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the...
At the beginning of this decade, large offshore natural gas fields were discovered in north-east Mozambique. Investment is now flowing into the...
This study proposes a new measure of Fiscal Dependence on Extractive revenues: FDE. The FDE estimates, simply, the extent to which extractive-producing countries can fund day-to-day government spending with non-extractive revenues.By focusing...
This paper examines a broad range of opportunities for addressing the pressing human development needs of low-income countries by using new oil, gas, and mineral discoveries. It assesses how much of an impact can be made on the funding gaps for...
Part of Book Extractive Industries
Part of Book Extractive Industries
The extractives industries must adjust their operations to shifting patterns of demand for oil, natural gas, and coal together with metals and minerals – as policies and new technologies encourage progress along low-carbon pathways in energy...
At the heart of an effective extractive resource-based economic transformation and development is an effective regulatory framework that guides the promotion of investments into the sector, the procedure for responsible extraction, and the management...
We examine the extent to which two of Africa’s leading gold mining economies, Ghana and Tanzania, have adopted transformative local procurement policies to enhance backward linkages from the minerals sector. We assess the impact that evolving...
This paper discusses the channels of impact of an extractives activity on an economy by presenting a brief description supported by graphics of the different routes through which the direct economic and social impacts of these activities might be...
This paper provides an overview of social and environmental management practices in the oil and gas industry. It outlines the evolution of international oil companies’ approaches over the last 20 years, reviews what social and environmental...
This paper reviews the political economy of extractive resources and the associated resources sector governance agenda. The consensus that good sector governance improves the developmental impacts of extractive resources exploitation is premised on...
The prescription of optimally managing natural resource revenue windfalls by smoothing consumption across generations using an intergenerational sovereign wealth fund that only invests in foreign assets is not appropriate for resource-rich developing...
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